Employees may be eligible for a payout of their sick leave upon retirement. Sick leave payouts are paid based on eligibility and annuity verification. If eligible, you will also receive a payout of unused annual and personal leave in your final pay. 

Sick Leave Payout Eligibility

If enrolled in SERS/PSERS:

Age Years of Service
Superannuation Age 5 Years of Credited Service
Any Age 25 Years of Credited Service
Any Age with Approved Disability Retirement 5 Years of Credited Service

Credited service - includes years of service credited by SERS and PSERS retirement plan and may include purchased service. 
 

If enrolled in ARP:

Age Years of Service
Superannuation Age 5 Years of Commonwealth/State System Service
Any Age 25 Years of Commonwealth/State System Service
Any Age with Approved Disability Retirement 5 Years of Commonwealth/State System Service

Commonwealth/State System service - does not include employment with a public school (K-12).

Superannuation Age Definition

 

Sick Leave Payment Schedule

Days Available at Retirement Percentage Buy-Out Maximum Days
0 - 100 30% 30
101 - 200 40% 80
201 - 300 50% 150
Over 300 (in last year of employment) 100% of days over 300 13

Tax Defer Your Leave Payout